vs

Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) and Essex Property Trust (ESS). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $258.2M, roughly 1.9× DiamondRock Hospitality Co). Essex Property Trust runs the higher net margin — 17.9% vs 5.6%, a 12.3% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 1.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -8.6%).

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

DRH vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.9× larger
ESS
$479.6M
$258.2M
DRH
Growing faster (revenue YoY)
ESS
ESS
+4.2% gap
ESS
5.5%
1.3%
DRH
Higher net margin
ESS
ESS
12.3% more per $
ESS
17.9%
5.6%
DRH
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-8.6%
DRH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DRH
DRH
ESS
ESS
Revenue
$258.2M
$479.6M
Net Profit
$14.5M
$85.7M
Gross Margin
70.0%
Operating Margin
11.1%
31.7%
Net Margin
5.6%
17.9%
Revenue YoY
1.3%
5.5%
Net Profit YoY
22.0%
-71.6%
EPS (diluted)
$0.07
$1.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DRH
DRH
ESS
ESS
Q1 26
$258.2M
Q4 25
$274.5M
$479.6M
Q3 25
$285.4M
$473.3M
Q2 25
$305.7M
$469.8M
Q1 25
$254.9M
$464.6M
Q4 24
$279.1M
$454.5M
Q3 24
$285.1M
$450.7M
Q2 24
$309.3M
$442.4M
Net Profit
DRH
DRH
ESS
ESS
Q1 26
$14.5M
Q4 25
$26.2M
$85.7M
Q3 25
$22.5M
$172.7M
Q2 25
$40.8M
$231.5M
Q1 25
$11.9M
$212.8M
Q4 24
$-11.2M
$301.7M
Q3 24
$26.4M
$125.5M
Q2 24
$24.5M
$99.0M
Gross Margin
DRH
DRH
ESS
ESS
Q1 26
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
Q3 24
69.5%
Q2 24
70.8%
Operating Margin
DRH
DRH
ESS
ESS
Q1 26
11.1%
Q4 25
8.9%
31.7%
Q3 25
8.1%
44.5%
Q2 25
13.7%
59.5%
Q1 25
4.3%
55.3%
Q4 24
-3.7%
67.0%
Q3 24
9.5%
28.6%
Q2 24
8.4%
31.1%
Net Margin
DRH
DRH
ESS
ESS
Q1 26
5.6%
Q4 25
9.5%
17.9%
Q3 25
7.9%
36.5%
Q2 25
13.4%
49.3%
Q1 25
4.7%
45.8%
Q4 24
-4.0%
66.4%
Q3 24
9.3%
27.8%
Q2 24
7.9%
22.4%
EPS (diluted)
DRH
DRH
ESS
ESS
Q1 26
$0.07
Q4 25
$0.12
$1.24
Q3 25
$0.10
$2.56
Q2 25
$0.18
$3.44
Q1 25
$0.04
$3.16
Q4 24
$-0.06
$4.00
Q3 24
$0.11
$1.84
Q2 24
$0.10
$1.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DRH
DRH
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$39.3M
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$5.5B
Total Assets
$3.0B
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRH
DRH
ESS
ESS
Q1 26
$39.3M
Q4 25
$68.1M
$76.2M
Q3 25
$145.3M
$66.0M
Q2 25
$52.4M
$58.7M
Q1 25
$100.6M
$98.7M
Q4 24
$81.4M
$66.8M
Q3 24
$75.3M
$71.3M
Q2 24
$125.2M
$55.2M
Total Debt
DRH
DRH
ESS
ESS
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
$6.4B
Q2 25
$1.0B
$6.4B
Q1 25
$1.1B
$6.8B
Q4 24
$1.1B
Q3 24
$1.1B
$6.4B
Q2 24
$1.2B
$6.2B
Stockholders' Equity
DRH
DRH
ESS
ESS
Q1 26
$1.4B
Q4 25
$1.4B
$5.5B
Q3 25
$1.6B
$5.6B
Q2 25
$1.6B
$5.6B
Q1 25
$1.6B
$5.6B
Q4 24
$1.6B
$5.5B
Q3 24
$1.6B
$5.4B
Q2 24
$1.6B
$5.5B
Total Assets
DRH
DRH
ESS
ESS
Q1 26
$3.0B
Q4 25
$3.0B
$13.2B
Q3 25
$3.1B
$13.2B
Q2 25
$3.1B
$13.2B
Q1 25
$3.1B
$13.2B
Q4 24
$3.2B
$12.9B
Q3 24
$3.2B
$12.6B
Q2 24
$3.2B
$12.5B
Debt / Equity
DRH
DRH
ESS
ESS
Q1 26
Q4 25
0.76×
Q3 25
0.70×
1.15×
Q2 25
0.65×
1.14×
Q1 25
0.70×
1.22×
Q4 24
0.69×
Q3 24
0.67×
1.18×
Q2 24
0.71×
1.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DRH
DRH
ESS
ESS
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRH
DRH
ESS
ESS
Q1 26
Q4 25
$67.9M
$1.1B
Q3 25
$74.6M
$342.6M
Q2 25
$73.6M
$216.1M
Q1 25
$27.6M
$281.5M
Q4 24
$75.8M
$1.1B
Q3 24
$61.7M
$316.2M
Q2 24
$55.7M
$218.9M
Free Cash Flow
DRH
DRH
ESS
ESS
Q1 26
Q4 25
$47.3M
Q3 25
$54.9M
Q2 25
$57.9M
Q1 25
$2.0M
Q4 24
$52.6M
Q3 24
$39.0M
Q2 24
$38.8M
FCF Margin
DRH
DRH
ESS
ESS
Q1 26
Q4 25
17.2%
Q3 25
19.2%
Q2 25
18.9%
Q1 25
0.8%
Q4 24
18.9%
Q3 24
13.7%
Q2 24
12.5%
Capex Intensity
DRH
DRH
ESS
ESS
Q1 26
Q4 25
7.5%
Q3 25
6.9%
Q2 25
5.1%
Q1 25
10.0%
Q4 24
8.3%
Q3 24
7.9%
Q2 24
5.5%
Cash Conversion
DRH
DRH
ESS
ESS
Q1 26
Q4 25
2.59×
12.53×
Q3 25
3.31×
1.98×
Q2 25
1.80×
0.93×
Q1 25
2.33×
1.32×
Q4 24
3.54×
Q3 24
2.33×
2.52×
Q2 24
2.27×
2.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DRH
DRH

Rooms$164.1M64%
Food and beverage$67.2M26%
Other$26.9M10%

ESS
ESS

Segment breakdown not available.

Related Comparisons